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MORTGAGE INTEREST
RATES
Updated as of
CONFORMING | JUMBO
| GOVERNMENT
Conforming Loans
- $400,000 or less (more info)
|
|
Loan Program |
Interest
Rate |
APR |
Points |
|
30 year Fixed Rate |
6.00 |
6.14 |
1.00 |
|
15 year Fixed Rate |
5.50 |
5.711 |
0.875 |
|
7 year Fixed Rate |
5.75 |
5.876 |
0.875 |
|
5 year Fixed/ARM |
5.50 |
5.647 |
1.125 |
|
3 year Fixed/ARM |
5.375 |
5.510 |
1.25 |
1
Month COFI ARM
(Start Rate) |
2.00 |
5.511 |
1.00 |
Jumbo Loans
- more than $400,000 (more info) |
|
Loan Program |
Interest
Rate |
APR |
Points |
|
30 year Fixed Rate |
6.25 |
6.365 |
.875 |
|
15 year Fixed Rate |
5.75 |
5.938 |
.875 |
|
7 year Fixed Rate |
5.875 |
6.011 |
1.125 |
|
5 year Fixed/ARM |
5.625 |
5.747 |
1.00 |
|
3 year Fixed/ARM |
5.50 |
5.633 |
1.125 |
1 Month COFI ARM
(Start Rate) |
2.00 |
5.497 |
.50 |
Veteran Programs
- VA, CalVet (more info) |
|
Loan Program |
Interest
Rate |
APR |
Points |
|
VA 30 year Fixed |
6.00 |
6.047 |
.50 |
|
VA 15 year Fixed |
6.00 |
6.00 |
0.00 |
| VA 3 Year-Fixed / ARM |
5.75 |
5.857 |
1.00 |
Cal-Vet
(Unrestricted Bonds) |
6.50 |
6.65 |
1.00 |
Adjustable Rate Mortgages Indexes
Percentage Rate
-
11th District COFI (Cost of Funds
Index): 2.972%
-
6 Month LIBOR (London
Interbank Offered Rate): 4.558%
-
1 Year MTA (Monthly
Treasury Average): 3.326%
-
1 Year LIBOR (London
Interbank Offered Rate): 4.810%
-
1 Year Treasury (Constant Maturity): 4.32%
-
Prime Rate (Federal
Reserve): 7.75%
Conforming Program Assumptions
-
APR is based on a loan amount of
$325,000 at 80% loan-to-value
or less
-
All rates are based on a 21 day lock period
-
ARMs are based on the 1 Month COFI Index with a
2.45
margin
Jumbo Program Assumptions
-
APR is based on a loan amount of
$475,000 at 75% loan-to-value
or less.
-
All rates are based on a 21 day lock period.
-
ARMs are based on the 1 Month
COFI Index with a 2.45 margin.
Veteran Program Assumptions
-
APR is based on a loan amount of
$300,000 at 97% loan-to-value
or less
-
All rates are based on a 21 day lock period
-
ARMs are based on the 1 Yr Treasury Bill Index with a 2.25
margin
ABBREVIATIONS
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